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This Week In Crypto – Bitcoin's About To Split In Two

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Debbie Whincop
Debbie Whincop

This Week In Crypto – Bitcoin's About To Split In Two

📍 If you only catch up on crypto once this week, start here.

Bitcoin is about to do something it's never done in its entire 16-year history: split in two, and hand every holder free coins in the process. Meanwhile, a 175-year-old money transfer giant quietly replaced its global banking rails with a Solana stablecoin, the SEC declared "a new era" from a Las Vegas stage, and Paul Tudor Jones went on a podcast to remind everyone that Bitcoin beats gold. Wild week. All of it matters. Here's the breakdown.


The market snapshot.

No sugarcoating it — red across the board this week, and the 12-month picture isn't much kinder. BTC is sitting at $75,445, down over 3% on the week and 13% over the year. Markets are edgy, macro uncertainty is doing its thing, and yet somehow the conversation in crypto has never been louder. Funny how that works.

Cryptocurrency prices by market cap via CoinMarketCap

Cryptocurrency prices by market cap via CoinMarketCap


The BIG story.

Bitcoin's August Hard Fork May Dwarf Every Previous Split Combined — Here's Why.

Bitcoin's August Hard Fork

So what happened?

Long-time Bitcoin developer Paul Sztorc announced eCash, a Bitcoin hard fork dropping in August 2026, where every BTC holder automatically receives eCash tokens at a 1:1 ratio — hold 4.19 BTC, get 4.19 eCash. Holders can sell, keep, or ignore the new coins entirely.

Why does it matter?

This is the first time any Bitcoin fork has touched Satoshi's stack — not Bitcoin Cash in 2017, not Bitcoin SV, not Bitcoin Gold — all previous forks left Satoshi's equivalent coins untouched. But the bigger shift is who's holding Bitcoin now. Spot Bitcoin ETFs holding over 1 million BTC are bound by prospectus language that means the sponsor alone determines which chain qualifies as "Bitcoin" for the trust. BlackRock, Fidelity, Strategy — every major institutional holder now has a compliance decision to make that simply didn't exist in 2017.

The bigger picture

August 2026 is not just a block height. For the first time in Bitcoin's history, a hard fork arrives as a forced decision point for Wall Street infrastructure — and the outcome, whatever it is, will land with full force across markets, systems and balance sheets.


Quick hits!

🟢 Meta is paying creators in crypto — Facebook and Instagram creators in Colombia and the Philippines can now receive earnings in USDC stablecoin directly to their crypto wallets, with Stripe powering the rails. Read more →

🟢 Bitcoin-Backed Loans Are Unlocking Homeownership for an Entire New Generation — At the Bitcoin 2026 Conference, executives from SALT Lending and Peoples Reserve argued that Bitcoin-backed loans are becoming a genuine path to homeownership — letting holders borrow against their BTC stack without triggering a taxable event. Read more →

🟢 The EU just banned Russian crypto — all of it — The EU's 20th Russia sanctions package bans all EU residents from transacting with any Russian crypto provider, and pre-emptively blocks Russia's digital ruble. The largest coordinated crypto sanctions action ever taken. Read more →

🟢 Paul Tudor Jones: Bitcoin beats gold as an inflation hedge — The billionaire macro trader told the Invest Like the Best podcast that Bitcoin is the best inflation hedge in existence — ahead of gold, real estate, and everything else. Read more →

🟢 Robinhood's crypto revenue just fell off a cliff — Crypto trading revenue dropped 47% to US$134M, sending shares down 8% — even as overall revenue grew 15%, rescued by a 320% surge in prediction markets. Read more →

🟢 Ethereum Poised For 140% Rally If This Resistance Flips — While Ethereum (ETH) is at a pivotal crossroads, some analysts suggest that a reclaim of a key resistance could open the door to a massive breakout. Read more →

🟢 Meta's Former Blockchain Lead Makes Stunning $1 Million Bitcoin Price Prediction — Lightspark CEO and co-founder David Marcus is standing by an ultra-bullish, seven-figure price target for Bitcoin — and he's not backing down. Read more →

🟢 Morgan Stanley Executive on Bitcoin: 'We Are Still So Early on This Journey' — Says client education — not product design — is the central challenge facing Bitcoin adoption at the firm and across the industry. Read more →

🟢 'Marketplace Of Virality' — How An 18-Year-Old Powers Polymarket's Reach — Open TikTok or Instagram in late April 2026 and a Polymarket clip is rarely far away. Read more →

🟢 Top 3 Meme Coins to Watch in May 2026 — DOGE, PENGU, and SkyAI led April's meme coin rally with 13.5% to 290% gains. Read more →


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WTF does that mean?

This week's term: Hard Fork

Imagine Bitcoin as a road that every user travels together. A hard fork is when a group of developers build a brand new road that splits off from the original — same history, same starting point, but different rules from that moment on. Everyone on the original road automatically gets a copy of themselves on the new road too. That's the free eCash tokens. The drama? When Wall Street's ETFs own the road, someone has to officially decide which one is still called Bitcoin.


🎙️ This week's podcast

Episode 228 - BTC Goes Green And A Blockchain Just Rewound

Episode 228 - BTC Goes Green And A Blockchain Just Rewound

TIMESTAMPS:

2:10 BTC goes green!
4:34 120 crypto companies sign a joint letter - but saying what?
7:57 Litecoin did something that blockchains are fundamentally not supposed to do! (but what is Litecoin?)
12:28 Short, sharp news bites

Listen on Spotify →


Not financial advice.

Canadian Government Pushes for Sweeping Ban on Bitcoin, Crypto ATMs

Canadian Government Pushes for Sweeping Ban on Bitcoin, Crypto ATMs

The country that hosted the world's first Bitcoin ATM in 2013 has now proposed an outright ban, describing the machines as a "primary method for scammers to defraud victims."


In August, Bitcoin will fork for the first time in a way that touches Satoshi's original coins. BlackRock, Fidelity and every major ETF will have to pick a side. That's never happened before — and the countdown has already started.


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